🚨 BREAKING: After CLARITY Act failed 49-50 in Senate, CFTC moves on its own.
On Sept 17, CFTC submitted RIN 3038-AF80 titled "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets" to the White House OMB for review.
What does it mean for Binance?
US is pushing for regulated crypto spot & perps marketOffshore dominance may end - onshore regulated competition is comingAll $CEXs / $DEXs / $DeFi will need stricter registration & custody rules
No rules are active yet. It's just in EO 12866 review -> CFTC vote -> Public Comment -> Final Rule.
Is this Bullish or Bearish for Binance in long term?
#CFTC #Binance #CryptoNews #CLARITYAct
On Sept 17, CFTC submitted RIN 3038-AF80 titled "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets" to the White House OMB for review.
What does it mean for Binance?
US is pushing for regulated crypto spot & perps marketOffshore dominance may end - onshore regulated competition is comingAll $CEXs / $DEXs / $DeFi will need stricter registration & custody rules
No rules are active yet. It's just in EO 12866 review -> CFTC vote -> Public Comment -> Final Rule.
Is this Bullish or Bearish for Binance in long term?
#CFTC #Binance #CryptoNews #CLARITYAct
